Scandal

5 years ago

France Investigating New IMF Chief

Christine Lagarde. Credit: Haley / SIPA / AP Photo

It might be hard to find volunteers for this position soon. France is investigating Christine Lagarde, who took over the International Monetary Fund after Dominique Strauss-Kahn's arrest, for abuse of power during her time as France's finance minister. Lagarde is accused of wrongly forcing a bank to enter binding arbitration with a controversial businessman and former left-wing politician who had recently switched sides to support President Nicolas Sarkozy. The tycoon, Bernard Tapie, won $400 million from the deal.